Indo Borax & ChemicalsNSE:INDOBORAX +4.65%76 ROC (Joel Greenblatt) % is 142.67% as of Mar. 2026, which is 76% above its 10-year median of 80.86. GuruFocus rates NSE:INDOBORAX with a GF Score™ of 76/100 and a GF Value™ of ₹218.44 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,604 Chemicals companies, Indo Borax & Chemicals ranks better than 98.38% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Indo Borax & Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 142.67%.
The historical rank and industry rank for Indo Borax & Chemicals's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:INDOBORAX'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.27 Med: 80.86 Max: 121.6
Current: 94.5
During the past 13 years, Indo Borax & Chemicals's highest ROC (Joel Greenblatt) % was 121.60%. The lowest was 30.27%. And the median was 80.86%.
NSE:INDOBORAX's ROC (Joel Greenblatt) % is ranked better than 98.38% of 1604
companies
in the Chemicals industry
Industry Median: 9.4
vs NSE:INDOBORAX: 94.50
Indo Borax & Chemicals's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.20% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Indo Borax & Chemicals ROC (Joel Greenblatt) % Related Terms
Indo Borax & Chemicals ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Indo Borax & Chemicals's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:INDOBORAX vs DOW: ROC (Joel Greenblatt) % Comparison
For the Chemicals subindustry, Indo Borax & Chemicals's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indo Borax & Chemicals ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indo Borax & Chemicals's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indo Borax & Chemicals's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 142.67% mean?
Indo Borax & Chemicals (NSE:INDOBORAX) has a ROC (Joel Greenblatt) % of 142.67% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Indo Borax & Chemicals and its competitors. This is 76% above median its historical median of 80.86. Over the past decade, Indo Borax & Chemicals' ROC (Joel Greenblatt) % has ranged from 30.27 to 121.60. According to the industry distribution chart, Indo Borax & Chemicals ranks #26 out of 1604 companies in the Chemicals industry, placing it in the top 1.6%.
Is Indo Borax & Chemicals' ROC (Joel Greenblatt) % too high?
Indo Borax & Chemicals' current ROC (Joel Greenblatt) % of 142.67% is 76% above median its 10-year median of 80.86. Over the past 10 years, this metric has ranged from a low of 30.27 to a high of 121.60. The Chemicals industry median ROC (Joel Greenblatt) % is 9.40. Indo Borax & Chemicals' value of 142.67% is 1417.8% above this industry median. Based on the distribution chart, Indo Borax & Chemicals ranks #26 out of 1604 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Borax & Chemicals has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Borax & Chemicals' ROC (Joel Greenblatt) % compare to DOW?
According to the Chemicals industry distribution chart, Indo Borax & Chemicals ranks #26 out of 1604 companies for ROC (Joel Greenblatt) %. This places Indo Borax & Chemicals in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.40. Indo Borax & Chemicals' value of 142.67% is 1417.8% above this benchmark. Historically, Indo Borax & Chemicals' own ROC (Joel Greenblatt) % has ranged from 30.27 to 121.60 over the past decade. While the company's 10-year median is 80.86 vs. the industry median of 9.40, Indo Borax & Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.40, based on 1,604 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indo Borax & Chemicals's current ROC (Joel Greenblatt) % of 142.67% is 1417.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Indo Borax & Chemicals and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Borax & Chemicals's current ROC (Joel Greenblatt) % is 142.67%, which is 76% above median its own 10-year median of 80.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Borax & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Indo Borax & Chemicals (NSE:INDOBORAX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹218.44, compared to a current price of ₹453.80 — trading 107.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 142.67%, which is 76% above median its 10-year median of 80.86 and 1417.8% above the Chemicals industry median of 9.40. Indo Borax & Chemicals' overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Indo Borax & Chemicals (NSE:INDOBORAX), the current ROC (Joel Greenblatt) % is 142.67% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indo Borax & Chemicals (NSE:INDOBORAX) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Borax & Chemicals stock appears to be overvalued.
The current stock price of ₹453.80 is trading 107.7% above its estimated GF Value™ of ₹218.44.
GuruFocus considers Indo Borax & Chemicals to be Significantly Overvalued.
Key valuation signals for NSE:INDOBORAX:
ROC (Joel Greenblatt) %: 142.67% (76% above median its 10-year median of 80.86)
GF Value™: ₹218.44 vs. price of ₹453.80 (107.7% above fair value)
Industry Position: 1417.8% above the Chemicals median (#26 of 1604)
No single metric tells the full story. See the NSE:INDOBORAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.
76GF Score
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